Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Net cash provided by operating activities:    
Net income $ 33,359 $ 35,827
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 11,476 11,349
Debt issue costs expense 214 136
Gain on sale of real estate, property and equipment and assets held for sale (40,804) (33,635)
Loss on disposal of long-lived assets 2,228 1,724
Deferred income tax benefit (4,758)  
Stock-based compensation expense 934 952
Changes in operating assets and liabilities:    
Accounts receivable 1,509 (2,137)
Inventories 4,376 9,291
Prepaid expenses (428) (474)
Income tax receivable 3,233 781
Other assets (556) 431
Accounts payable and accrued liabilities (3,618) 2,842
Income taxes payable 3,138 7,081
Other liabilities 489 (560)
Net cash provided by operating activities 10,792 33,608
Cash flows from investing activities:    
Purchases of property and equipment (15,112) (15,760)
Acquisition of citrus groves (136) (18,230)
Acquisition of mineral rights   (453)
Net proceeds from sale of real estate, property and equipment and assets held for sale 42,718 34,901
Change in deposits on purchase of citrus trees 65 408
Advances on notes receivables, net   371
Other   14
Net cash provided by investing activities 27,535 1,251
Cash flows from financing activities:    
Repayments on revolving lines of credit (46,470) (50,588)
Borrowings on revolving lines of credit 46,470 47,646
Principal payments on term loans (18,839) (16,816)
Exercise of stock options 465  
Dividends paid (11,310) (3,378)
Net cash used in financing activities (29,684) (23,136)
Net increase in cash and cash equivalents and restricted cash 8,643 11,723
Cash and cash equivalents and restricted cash at beginning of the period 886 19,687
Cash and cash equivalents and restricted cash at end of the period $ 9,529 $ 31,410